Wednesday, March 3, 2010

The Next Step in Funding

As reported last night in the post titled "Funding Wars" below, H.R. 4691 passed in the Senate, allowing current road projects to resume (among other important issues for Americans). For the transportation construction industry, this gives a mere one-month window of opportunity to work on safeguarding the nation's roadways and economy. It's not enough for planning or future safeguarding. Luckily, representatives will debate something to keep the industry (and motorists) alive through the summer. As reported at AASHTO:

"The House is expected to debate HR 2847, a jobs bill amended last week by the Senate to include a 10-month Highway Trust Fund authorization extension, $19.5 billion in additional General Fund revenue to keep the Highway Trust Fund solvent into next year, restoration of highway funding this year to $42 billion from a reduced level of $30 billion, and additional federal support for states and municipalities who want to issue Build America Bonds to finance infrastructure construction."

This is still a short-term fix for a long-term industry and economic question, but it offers at least a stop-gap measure while legislators look for real answers to pay for America's infrastructure requirements.

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